ISLAMABAD: Adviser to the Prime Minister on Commerce Abdul Razak Dawood has announced that several industrial exports in Pakistan have recently witnessed significant growth.
In a tweet, Abdul Razak shared November 2020’s provisional figures, revealing that as compared to 2019, the exports of home textiles have grown by 20%, pharmaceutical products by 20%, rice by 14%, and surgical goods have witnessed an 11% growth in exports.
“Other industrial exports which have seen a boost in the month of November include stockings and socks (41%), jerseys and pullovers (21%), women’s garments (11%) and men’s garments (4.3%),” he added.
I am glad to share that in the provisional figures for Nov 2020, significant growth has been seen in the exports of Home Textiles (20%), Pharmaceutical products (20%), Rice (14%), Surgical Goods (11%), Stockings & Socks (41%), Jerseys & Pullovers (21%)…1/2
— Abdul Razak Dawood (@razak_dawood) December 3, 2020
“This is in line with our policy of promotion of value-added exports and reflects a healthy trend,” the adviser wrote. Last month, the government said that Pakistan’s key economic indicators have started showing results due to effective policies which fueled growth and enhanced remittances.
Pakistan’s economy witnessed positive signs during the first quarter of the ongoing fiscal year 2020-21 (FY20-21) as remittances grew 26.5%, foreign direct investment (FDI) rose 9.1%, tax collection went up 4.5%, and the primary balance has been in a surplus worth Rs258 billion.
